JAKARTA - PT Ultra Jaya Milk Industry Tbk (ULTJ) readies cash dividend of IDR 311.95 billion, taken out of its net profit in the fiscal year 2022. The dividend will be distributed to shareholders on July 21, 2023.

According to the Annual General Meeting of Shareholders of ULTJ yesterday (19/6), the shareholders agreed upon the allocation of 32% of ULTJ’s net profit in 2022 as cash dividend. With the total shares entitled to dividend reaching 10.4 billion units in numbers, each share will receive dividend of IDR 30.

For the record, ULTJ booked net profit of IDR 965.49 billion in 2022, significantly slipping from IDR 1.28 trillion seen at the end of 2021. Although the net profit shrank, the upcoming dividend in July, in fact, increases from the dividend set in the fiscal year 2021, which only amounted to IDR 25 per share or IDR 259.95 billion in total.

The cum and ex dividend in the regular and negotiation market is set to June 27-28, 2023, followed by the cum and ex dividend in the cash market on June 30 and July 3. The dividend will be disbursed to rightful investors, according to the official register by the recording date on June 30, 2023.

Until March 31, 2023, 44.56% of ULTJ’s shares were controlled by one of the directors, Sabana Prawira Widjaja. Meanwhile, PT Prawirawidjaja claimed another 21.40%, leaving public investors share the remaining 24.04%. Another 10% was recorded as treasury stock. (ZH)